Ever since the commencement of the two-day expo, both local and international fabric manufacturers and technology providers are optimistic about the prospects of Bangladesh’s denim sector, recognising its ability to deliver high-quality products at competitive prices while ensuring timely delivery.
Despite the current challenges faced by the apparel industry due to inflationary pressures in the EU and the US, experts express optimism that the business situation in Bangladesh will gradually recover in the coming months.
According to Tanvir Hossain, the project manager of Jeanologia, a technology supplier, there is a notable trend of global fashion brands increasing their sourcing activities from Bangladesh. To meet the rising demand, many denim fabric manufacturers in the country are embracing new technologies as a means to secure more global orders.
The implementation of technology has significantly reduced water consumption in denim production, bringing it down from 360 litres to a range of 9-30 litres per pair of jeans. This shift towards more sustainable practices has been driven by the necessity to meet the requirements of buyers. Brant Tong, the sales manager of XDD Textile from Vietnam, shared that their business has experienced consistent growth of 30-40 per cent year-on-year in Bangladesh over the past 15 years.
While inflation has impacted the current business climate, Brant remains optimistic about a potential rebound in about six months. Emphasising Bangladesh’s significance as a key market, Brant highlighted that XDD Textile sells 700,000 yards of denim fabric per month in the country. Bangladesh has become a preferred destination for global apparel buyers, and the industry’s growth has been steadily increasing.